A record-high donation of 100 million GBP (that's around $131m) has been made to Cambridge University from a global investment firm. The donation is the highest ever made by a local British firm, only seconded by the $210m investment made by Microsoft founder Bill Gates in 2000.
Universities in the US, Europe and Asia are making massive investments funded by governments and philanthropists. We have to compete. Just because we’ve been great for a few hundred years at Cambridge doesn’t mean we will remain so
The investment follows a campaign by Cambridge to raise 500 million pounds to assist undergraduates and post graduates at the university. The £100m accompanies major investment by the Dolby family and Lord Sainsbury of Turville giving £83m and £52m respectively.
Including its assets and property, Cambridge is the most valuable University in the UK with a £3.2bn net worth, Oxford is a touch behind at £3.1bn.